Creating Wealth

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You are at the stage in life where the decisions you make now will have a crucial effect on your lifestyle for the rest of your working life and the kind of retirement you will end up enjoying (or enduring).

So let’s take a look at the details on how Ethica can help you create more wealth to support your ideal lifestyle. Aside from Superannuation (which you can read more about here), here are some structures, techniques and strategies we can discuss with you to help achieve your goals over the next ten to fifty years.

Complete our online form to book in a complementary consultation (valued at $595) to discuss your goals and current financial situation so the Ethica team can get your wealth creation strategy underway and working for you.

Free 2 Hour Wealth CreationDiscovery Session

To get the best advice for your situation, make a free appointment with the team at Ethica and start to develop your own custom financial plan to meet your goals in life.

Dollar cost averaging

We’d all love to buy shares when the market is low and sell them when it’s high. But unless you happen to own a reliable crystal ball, you’ll need another approach. Dollar cost averaging is about spending a set amount of money purchasing shares in multiple ‘buys’ over a period of time, rather than buying them all at once.

This way, you don’t get stuck buying all of them at a high price. You overcome any short-term volatility by ‘averaging out‘ the cost of the share over multiple purchases. You get some of the benefits of investing at low prices, while limiting the cost of purchasing at peak prices.

Diversification

Diversification is a vital part of any sound investment strategy. It means investing in a variety of different types of investments so that you spread your risk across totally different types of investments and different classes of assets, rather than putting ‘all your eggs in one basket‘. In general, there are four basic types of asset:

Cash

Fixed Interest (Bonds)

Property

Equities (Shares)

By diversifying your investment and spreading it across multiple different types of assets you can ‘smooth out the bumps‘ – if one asset performs badly, another will perform better, giving you more consistent earnings from year to year, rather than wild swings up and down. It’s important to diversify your investment across different classes of assets as well as diversifying within those asset classes.

The team at Ethica Private Wealth Specialists would love to help with your wealth creation strategies and invite you to a free consultation to discuss your goals further.

Contact us on (07) 5443 5577 or complete the form below.

Using the appropriate tax and investment structure

Making sure that you have the most appropriate tax and investment structures can have a big effect on your bottom line. This is particularly the case for business owners, but can apply to investors too.

Structures are the vehicles that are available to carry out business – for example, your business could operate as a sole trader, a company, a partnership, a family trust or another type of trust. There are advantages and disadvantages to all structures such as these.

At Ethica, we will work in collaboration with you, your solicitor &/or accountant so that we can provide the best possible advice for your existing structures or help you create the most appropriate investment structures to meet your goals.

Maximising Entitlements

This particularly applies to health insurance. There are a few things to consider here. The government applies an additional Medicare Surcharge to individuals earning more than $84,000 or couples earning more than $168,000 if they do not have a minimum level of private health insurance. Those with private health insurance can claim a 30% health insurance tax offset (though most health insurers pass this saving on in the form of lower premiums rather than you having to claim it at tax time).

Anyone (such as your spouse or children) who takes out private health cover before their 31st birthday will receive lower premium rates for life. Given these factors, it’s worth taking the time to review your health insurance with the Ethica team to ensure that you are maximising your entitlements.

Charitable giving

When creating wealth for yourself it is always good to remember those who are less fortunate. Corporate and individual philanthropy has become more popular in recent decades and many charities have tax deductible status allowing any donations you make to be tax deductible.

If you are selling an asset, which may have large taxable capital gains, you might consider a charitable gift whereby the government effectively funds half of your donation through the tax deduction available.

If doing your bit to help others is important to you, it is now possible to set up your own charity or foundation to carry out good works and leave a lasting legacy.

So, where should you be investing?

To understand which strategies are the best for your situation, simply call Ethica Private Wealth Specialists on (07) 5443 5577 or email us using the form below to arrange a complimentary initial consultation (valued at $440).

Want to know how you can improve your financial future?Completely Free and without Obligation.

what our clients say

I would highly recommend Michael and his team at Ethica. They are great to deal with. Ethica has helped me put in place a long-term wealth creation plan and have ensured that I understand and am comfortable with everything.

The team have been there for any and every question and query that I have had, and really provide a personalised service – thanks Michael and the whole Ethica Team!

Nicole Gibson

Brisbane, QLD

Hi Michael & Jen, many thanks for your time today & such a great discussion once again. You guys really don’t get enough accolades including from us, you deserve much more positive recognition for looking after everyone as individuals the way you do.

Everyone feels like they are the important one – the very reason we signed up with you in the first place Michael. Thank you.

Barry & Lisa O’Brien

Owners, O'Brien Painting Contractors

As busy business owners, finding time to build our wealth for a secure and worry-free retirement has been an ambition of ours since we hit the big Four-O! Fortunately for us we were introduced to the team at Ethica Private Wealth Specialists and from the initial consultation and subsequent visits we have developed a strong trust with the whole team.

With their professional and personalised service the Ethica team are working with us to ensure that our ambition for a safe and secure retirement is met. It is without hesitation that we recommend the Ethica Private Wealth team to you. They offer a whole package for wealth management and creation and we could not be happier with their honest, ethical and professional approach. We only wish we had met them 15 years ago.

Jo Miller

Co-Owner, SVS Auto Care

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General Advice Disclaimer

At Ethica, we understand that everyone's financial situation is unique - that’s why it’s important to note that information provided on this website is of a general nature only, and does not take into consideration your specific financial objectives, goals and requirements.

We try to keep things up to date, but cannot warrant the accuracy, completeness or currency of the information listed. As market conditions frequently change, past results of any product or service referenced is not indicative of future performance.

We believe our reputation speaks for itself, but understand that deciding on your financial future can be a little overwhelming, so we also encourage everyone to seek a second opinion through independent professional advice from other qualified expert finance advisers before making any decisions.

This website should not be relied upon as a substitute for specific financial advice and we invite you contact us for more information.